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debate. we heard it in the run-up to the fiscal cliff. remember this threaduring the debt ceiling debate back in the summer of 2011? i cannot guarantee that those checks go out on august 3rd if we have not resolve this issue because there may simply not be the money in the coffers to do it. this is not just a matter of social security checks, veterans' check folks on disability and their checks. about 70 million checks that go out. lou: more recently in the linda congressional session in the fiscal. >> debate, president obama issued his threat. >> what has been holding us back is the dysfunction here in washington. and if people start seeing that on january 1st this problem still has not been solved. if they save that people's taxes have gone up, which means consumer spending is going to be depressed, then obviously that will have an adverse reaction on the markets. lou: and, of course, that is exactly what has transpired as we now approach the onset of sequestered. took a long time, but president obama today finally reach out to the republican leaders to talk sequester, talking by phone
. if you remember every time we have come up to whether it's the debt ceiling or first fiscal cliff, at the 11th hour, we had a deal. right now there is a deal in the works. there will be a deal. it will get done. by the way, i predict there will be a deal on entitlements before september. >> did you get that on your iphone prior to the show? >> no, no. i don't ever take talking point from them. but i just tell you, i know politics well enough, i think, to see the two people posturing themselves -- >> the thing is he's hoping the whole country will be under some kind of bizarre hypnosis and think we have money that we don't. >> you speak so negatively -- >> no, no. i do not. >> it's going to be fine.: >> i love this country and i think -- >> we have the ability to try and police ourselves a bit and t stop the wreckless spending and have the courage and fortitude to do so, we wouldn't be in the position we're s in.ou >> it's friday, let's pick it up. look good. >> coming up on "the five," an unbelievable shot. see, this is positive. at a basketball game, and itme wasn't made a by a p
this hand. remember this was all about the debt ceiling. how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the republicans in congress 174 of them voted for this. john boehner paul ryan eric cantor all voted for it. and when it was over john boehner said i love this. i got 98% of what i want. these cuts which are so bad that everybody thought never, never, never would congress go along with it. you know why the republicans want to go along with it? because they don't give a damn. they don't care if the government is whacked across the board. first responders and air traffic controllers and pell grants and all of that other stuff cut. they don't care. so my question to you is,
over the fiscal cliff, greta and have the debt ceiling expire and everyone thought the super committee would get it worked out and the president handled that in the third debate he picked it and doesn't get it done. >> governor, it failed in november of 2011 and what did everybody do between 2011 and now, nothing. the president played golf and congress went on recess, everyone took, everyone took this time. pay the piper on this. they went to work and nothing to stop them after the super committee failed to actually get down to work and instead they did. and we're sad they campaigned to get their jobs back. >> you're exactly right. look, it takes leadership and it starts at the top. the president is the commander-in-chief and his own secretary of defense says the cuts will be devastating. the united states military and national security and now the president is running around doing press conferences when he should be in a room with congress trying to figure it out. here is the problem, greta. we need to cut. the sequester is only 1.2 billion dollars, that's not even one year of the def
is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare and medicaid savings. another quarter would come f
and that was the case with the fiscal cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling he didn't say he's also going to the west bank, perhaps he is. most often these trips do include that, that he didn't want to mention if indeed what you showed was the release, that's an interesting angle to follow up on. this is what lawmakers do to season themselves, to become experts. is he not seen as necessarily an expert on international affairs right now and this is one of the areas that you go and by the way, if you wonder why a florida senator would be going to israel, it's because it's a major voting body within the state of florida. there's nothi
politicians why they do not do more of it. that is why republicans caved on the debt ceiling. that is why they will cave on some of these other fiscal things going forward. it is up to the voters to make this happen. the politicians just react to the pressures. host: steve mcmahon, a co- founder of purple strategies, and also a media strategist for democratic campaigns. thank you so much for joining us. david winston, a brief thought? guest: if look at what newt gingrich did and bill clinton did, balancing the budget, getting unemployment under four%, bill clinton and newt gingrich laid out that pattern. i wish president obama would engage the house republicans the way bill clinton did. host: david winston, a republican strategist, you can hear his election analysis on cbs news. coming up next, we will look at the executive order the president signed last week with larry clinton of the internet security alliance. then our next guest will be an expert on nuclear weapons, who will talk about which nations have nuclear capabilities. all of that after this break. ♪ >> we have a habit in thi
of the aisle. we had the fiscal cliff, now we have this, we have the debt ceiling deadline in may. there's no dramatic substantive action. it's just one little baby step or kick it down the road and here we are again. and they're playing with people's jobs, money, taxes, livelihoods. our government just seems so dysfunctional and broken and gridlocked. >> and then things like this happen and we go until the 11th hour and oh, a solution but it's not really a solution because we've only done half of the work we should have done. in three months we'll talk about it again and we go through this all over again. just talking about we want to blame both sides and we want to say everybody is responsible. but president obama was up there with the first responders, and some people are questioning whether or not that was a manufactured setup and a scenario where he was like, i'm with these guys, you're the ones that are not able to let this happen and you're going to affect them. but was that necessary is the question? >> all politicians like their backdrops and to put a human face on the issue. fo
ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same thing over and over again and expecting a different result. just in ter
Search Results 0 to 15 of about 16 (some duplicates have been removed)